GEOSWIFT

Geoswift, a leading provider of cross-border payment solutions between
China and the rest of the world, announced today that its UK entity,
Geoswift UK, has received authorisation as a Payment Institution from
the Financial Conduct Authority (FCA) to conduct a more efficient end to
end cross-border collection and settlement services to and from China.
Geoswift presently partners with major global banks, financial service
providers, payment solutions providers and merchants. The FCA is the
conduct regulator for 56,000 financial services firms in the UK.

Geoswift is the leading China cross-border collection and settlement
service to have received FCA approval. In addition to providing business
to business cross border collection and settlement services across the
education, eCommerce and travel sectors, Geoswift UK using the approval
will be able to deepen its direct relationship with partners across the
tax return, banking, education and travel sectors. Geoswift remains
committed to being a market leader in enhancing the accessibility,
efficiency, transparency and security of cross-border transactions
between UK and China.

Robert Miskin, Managing Director of Geoswift Europe, Middle East and
Africa (EMEA) said, “We are delighted to receive the FCA approval for
our operations in the United Kingdom. In a market landscape that is
vastly robust and continually evolving, it is important to ensure our
operations are fully-regulated, transparent and secure to meet
international standards and to provide assurance to our partners and
merchants. The FCA regulatory approval will enable us to meet the
growing demands of our global partners and clients who require
accessibility to efficient fund flows and secure cross-border payments
between the UK and China. We are also preparing to futureproof our
European expansion plans in due course and embrace the growing demand
for China, throughout Europe. We hold a positive outlook for the B2B
cross-border potential between Europe and China in 2017 and look forward
to establishing deeper partnerships with the FCA license.”

Geoswift is headquartered in Hong Kong with operating offices in
Shanghai, London, Vancouver, Seattle and San Francisco for strategic and
regulatory functions.

About Geoswift

Geoswift is an innovative payment technology company connecting China
and the rest of the world. The company comprises the world’s leading
payment technology experts that have a deep understanding of the
industry, technology, and global and China monetary policy. Geoswift
provides clients with customised one-stop cross-border payment solutions
to and from China. Geoswift is relied upon by the world’s leading
e-commerce companies, most prestigious universities and the largest
brands in the travel industry to grow their businesses.

Geoswift is an acquirer of UnionPay International in North America, and
a long-term partner of many other leading financial institutions. It
also maintains 19 currency exchange outlets throughout China. Geoswift
is headquartered in Hong Kong with operating offices in Shanghai,
London, Vancouver, Seattle and San Francisco for strategic and
regulatory functions. For more information visit, please visit www.geoswift.com
or send in your queries to info@geoswift.com
.